Supplementary Materials:
Financial Results for the Fiscal Year Ended
December 31, 2021
February 10, 2022
(TSE: 2216)
Index
Page | |||
| (Supplementary Materials 1) 【Summary of Financial Results】 | - | 1 |
(Supplementary Materials 2)【Non-consolidated Statements of Income】 | - | 2 | |
| (Supplementary Materials 3)【Financial Indicators FY2017-FY2022/Plan】 - | 3 | |
| (Supplementary Materials 4)【Market Trends】 | - | 4 |
| (Supplementary Materials 5) | - | 5 |
【Hard Candy+ Gummy Markets Trends by Business Category】 | |||
| (Supplementary Materials 6)【IR News Jan. 2021 to Dec. 2021】 | - | 6 |
(Supplementary Materials 1) 【Summary of Financial Results】
Quarterly
Unit: Million yen | |||||||||||||
FY2020 | FY2021 | FY2020 vs. FY2021 | |||||||||||
Q1 | Q2 | Q3 | Q4 | Full year | Q1 | Q2 | Q3 | Q4 | Full year | YoY | YoY% | ||
Net sales | 6,112 | 5,040 | 5,001 | 7,166 | 23,321 | 5,439 | 6,200 | 5,999 | 8,024 | 25,663 | 2,342 | 10.0% | |
Operating income | 439 | (95) | (173) | 665 | 836 | 91 | 344 | 75 | 747 | 1,259 | 423 | 50.6% | |
Ordinary income | 439 | (88) | (161) | 670 | 860 | 93 | 363 | 85 | 753 | 1,296 | 435 | 50.6% | |
Net income | 333 | (94) | (96) | 467 | 610 | 109 | 258 | 67 | 446 | 882 | 271 | 44.5% | |
*Quarterly results are simple differences. |
1H/2H (New revenue recognition standard)
Unit: Million yen
FY2021 (Results) | ( | ) | FY2021 vs. FY2022 | ||||||||
FY2022 Plan | |||||||||||
1H | 2H | Full year | 1H | 2H | Full year | 1H | 2H | ||||
Net sales | 9,784 | 11,805 | 21,589 | 10,600 | 12,000 | 22,600 | 8.3% | 1.6% | |||
Operating income | 440 | 814 | 1,254 | 280 | 860 | 1,140 | (36.4)% | 5.6% | |||
Ordinary income | 461 | 830 | 1,291 | 290 | 870 | 1,160 | (37.1)% | 4.8% | |||
Net income | 370 | 508 | 879 | 170 | 650 | 820 | (54.1)% | 27.8% | |||
*Results and plan for 2nd half are simple differences.The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29) and related guidance is applied from the fiscal year ending Dec. 31, 2022. Accordingly, certain items that were recorded as selling expenses, including agent fees, are deducted from net sales.
Composition of net sales
FY2020 | 4.7% | FY2021 |
3.2% | ||
32.3% | Hard candy | Hard candy | |||||||
Net sales | 40.8% | Net sales | |||||||
23,321 | Gummies | 25,663 | 56.0% | Gummies * | |||||
million yen | 63.0% | million yen | |||||||
Healthy snacks | Healthy snacks | ||||||||
Unit: Mil. yen | ||||
[Net sales amount by type from Jan. to Dec. (YoY%)] | ||||
FY2020 | FY2021 | YoY% | ||
Hard candy | 14,692 | 14,382 | (2.1)% | |
Gummies | 39.0% | |||
* | 7,532 | 10,467 | ||
Healthy snacks | 1,096 | 814 | (25.7)% | |
Total | 23,321 | 25,663 | 10.0% | |
* The data is included marshmallow products in FY2021
*The values displayed in these materials are truncated at the million-yen level, so the totals and ratios may not always match completely.
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(Supplementary Materials 2) 【 | Non-consolidated Statements of Income】 | ||||||||||||
【Unit: Million yen】 | |||||||||||||
FY2020 | FY2021 | FY2020 vs. FY2021 | |||||||||||
Amount | % | Amount | % | YoY | YoY% | ||||||||
Net sales | 23,321 | 100.0% | 25,663 | 100.0% | 2,342 | 10.0% | |||||||
Cost of sales | 12,457 | 53.4% | 13,241 | 51.6% | 783 | 6.3% | |||||||
Gross profit | 10,863 | 46.6% | 12,422 | 48.4% | 1,558 | 14.3% | |||||||
Freight/warehousing costs | 1,353 | 5.8% | 1,504 | 5.9% | 151 | 11.2% | |||||||
Sales promotion expenses | 681 | 2.9% | 830 | 3.2% | 149 | 22.0% | |||||||
Advertising expenses | 360 | 1.5% | 471 | 1.8% | 110 | 30.7% | |||||||
Agent fees | 3,139 | 13.5% | 3,440 | 13.4% | 301 | 9.6% | |||||||
Selling expenses | 5,534 | 23.7% | 6,247 | 24.3% | 712 | 12.9% | |||||||
Personnel expenses | 3,076 | 13.2% | 3,359 | 13.1% | 282 | 9.2% | |||||||
General expenses | 1,415 | 6.1% | 1,556 | 6.1% | 140 | 9.9% | |||||||
General and administrative expenses | 4,492 | 19.3% | 4,915 | 19.2% | 423 | 9.4% | |||||||
Selling, general and administrative expenses | 10,027 | 43.0% | 11,163 | 43.5% | 1,135 | 11.3% | |||||||
Operating income | 836 | 3.6% | 1,259 | 4.9% | 423 | 50.6% | |||||||
Non-operating income | 36 | 0.2% | 46 | 0.2% | 10 | 27.9% | |||||||
Non-operating expenses | 11 | 0.1% | 9 | 0.0% | (2) | (17.5)% | |||||||
Non-operating income and expenses | 24 | 0.1% | 36 | 0.1% | 12 | 50.1% | |||||||
Ordinary income | 860 | 3.7% | 1,296 | 5.1% | 435 | 50.6% | |||||||
Gain on sales of investment securities | 74 | 0.3% | 94 | 0.4% | 19 | 26.6% | |||||||
Extraordinary income | 74 | 0.3% | 94 | 0.4% | 19 | 26.6% | |||||||
Loss on sales of non-current assets | - | - | 0 | 0.0% | 0 | - | |||||||
Loss on retirement of non-current assets | 0 | 0.0% | 5 | 0.0% | 4 | 726.8% | |||||||
Impairment loss | 25 | 0.1% | 132 | 0.5% | 107 | 425.9% | |||||||
Loss on sales of investment securities | 0 | 0.0% | - | - | (0) | - | |||||||
Extraordinary losses | 26 | 0.1% | 138 | 0.5% | 111 | 424.2% | |||||||
Extraordinary income and losses | 48 | 0.2% | (43) | - | (91) | - | |||||||
Income before income taxes | 909 | 3.9% | 1,252 | 4.9% | 343 | 37.8% | |||||||
Total income taxes | 298 | 1.3% | 370 | 1.4% | 71 | 23.9% | |||||||
Net income | 610 | 2.6% | 882 | 3.4% | 271 | 44.5% | |||||||
*The values displayed in these materials are truncated at the million-yen level, so the totals and ratios may not always match completely.
2
(Supplementary Materials 3) 【Financial Indicators FY2017-FY2022/Plan】
Consolidated ← | → Non-consolidated | (FY2022 figures planned; all others actual) |
Consolidated | Non-consolidated | Plan *7 | ||||||||
Fiscal Year | Unit | FY2017 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | ||
Net sales | *1◎ | million yen | 21,303 | 21,301 | 22,949 | 24,039 | 23,321 | 25,663 | 22,600 | |
Net sales YoY | % | 8.0 | 8.1 | 7.7 | 4.7 | (3.0) | 10.0 | - | ||
Gross profit | ◎ | million yen | 9,791 | 9,719 | 10,934 | 11,358 | 10,863 | 12,422 | - | |
Gross profit to net sales | % | 46.0 | 45.6 | 47.6 | 47.3 | 46.6 | 48.4 | - | ||
Operating income | ◎ | million yen | 935 | 947 | 1,003 | 923 | 836 | 1,259 | 1,140 | |
Ordinary income | ◎ | million yen | 999 | 1,001 | 1,045 | 1,007 | 860 | 1,296 | 1,160 | |
Ordinary income YoY | % | 63.4 | 49.9 | 4.4 | (3.6) | (14.6) | 50.6 | - | ||
Net income attributable to parent | *2◎ | million yen | 447 | 593 | 1,011 | 651 | 610 | 882 | 820 | |
company | ||||||||||
Net income YoY | % | (10.6) | 8.1 | 70.3 | (35.6) | (6.4) | 44.5 | - | ||
Comprehensive income | ◎ | million yen | 602 | - | - | - | - | - | - | |
Net assets | ◎ | million yen | 10,003 | 9,935 | 10,656 | 10,827 | 11,175 | 11,776 | - | |
Total assets | ◎ | million yen | 18,275 | 18,064 | 19,997 | 19,169 | 19,779 | 21,155 | - | |
Net assets per share | *3,4 | yen | 1,395.97 | 1,386.56 | 1,487.26 | 1,535.52 | 1,584.80 | 1,670.21 | - | |
Basic earnings per share | *3,4 | yen | 62.19 | 82.57 | 141.19 | 92.36 | 86.58 | 125.12 | 116.29 | |
Equity ratio | % | 54.7 | 55.0 | 53.3 | 56.5 | 56.5 | 55.7 | - | ||
ROE | % | 4.5 | 6.1 | 9.8 | 6.1 | 5.5 | 7.7 | - | ||
PER | times | 26.1 | 19.6 | 12.2 | 17.4 | 17.4 | 12.7 | - | ||
Cash flow from operating activities | ◎ | million yen | 1,512 | - | 949 | 2,013 | 1,442 | 2,620 | - | |
Cash flow from investing activities | ◎ | million yen | (830) | - | (1,743) | (971) | (1,572) | (1,002) | - | |
Cash flow from financing activities | ◎ | million yen | (855) | - | 271 | (1,411) | (48) | (770) | - | |
Cash and cash equivalents at end | ◎ | million yen | 2,132 | - | 1,800 | 1,430 | 1,253 | 2,099 | - | |
of period | ||||||||||
Number of employees | persons | 521 | 485 | 542 | 578 | 601 | 608 | - | ||
Average numbers of temporary | ||||||||||
employees, excluded from the | persons | 146 | 120 | 118 | 121 | 132 | 137 | - | ||
number of employees | ||||||||||
Capital investment | ◎ | million yen | 741 | - | 2,850 | 1,721 | 2,090 | 914 | - | |
Depreciation | ◎ | million yen | 962 | - | 933 | 1,102 | 1,182 | 1,115 | - | |
R&D expenses | ◎ | million yen | 527 | - | 603 | 664 | 629 | 710 | - | |
Total number of issued shares at | number | |||||||||
the end of the period | *3,4,6 | 7,165,892 | 7,165,892 | 7,165,236 | 7,051,552 | 7,051,412 | 7,051,168 | 7,051,168 | ||
of shares | ||||||||||
(not including treasury shares) | ||||||||||
Dividends per share | *3,5 | yen | 30 | 30 | 32.5 | 30 | 32 | 40 | 40 | |
Payout ratio | % | 48.2 | 36.3 | 23.0 | 32.5 | 37.0 | 32.0 | 34.4 | ||
◎: *The values displayed in these materials are truncated at the million-yen level.
*1: Net sales do not include consumption taxes, etc.
*2: "Net income" in the non-consolidated financial statements
*3: Kanro conducted a share consolidation of common stock at a ratio of one share for five shares effective as of July 1, 2017 and a stock split of its common stock at a two-for-one ratio with the effective date of July 1, 2019. Dividends per share, net assets per share, basic earnings per share, and total number of issued shares at the end of the period (not including treasury shares) are calculated on the assumption that the share consolidation and the stock split were conducted at the beginning of FY2017.
*4: The Company's own shares remaining in the trust that were recorded as treasury shares in shareholders' equity from FY2017 onward are included in treasury shares that are deducted from the total number of issued shares at the end of the period when calculating net assets per share. In addition, these shares are included in treasury shares that are deducted when calculating the average number of shares during the period for the calculation of basic earnings per share.
*5: Dividends per share of FY2018 includes a special dividend of 2.5 yen per share.
*6: Total number of issued shares at the end of the period (not including treasury shares) is the number of shares at the end of the previous fiscal year.
*7: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29) and related guidance is applied from the fiscal year ending Dec. 31, 2022. Accordingly, certain items that were recorded as selling expenses, including agent fees, are deducted from net sales.
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KANRO Co. Ltd. published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 04:52:06 UTC.